KARACHI: The bullish trend continued till midday as the Pakistan Stock Exchange gained 424.16 points to reach 35741.72 points level.
The stocks recorded the highest trading level of 35754.50 points and lowest level of 35317.56 points, with the volume of 149.18 million shares, having about Rs10 billion value. As many as 293 companies were active; of which 173 advanced, 104 declined and 16 remained unchanged.
Cement was the top traded sector with 18,459,700 volume, while auto assembler remained second with 15,127,050 volume.
The three top traded companies were Dewan Motors with a volume of 12,430,000 and price per share of 14.55 (1.00), Sui North Gas with a volume 8,984,000 of price per share of 34.55 (0.30), Dewan Cement with a volume 6,283,500 of price per share of 15.16 (0.38).
The top three gainers were Mari PetroleumXD with price per share 842.57 (40.12), Lucky Cement with price per share of 595 (17.87) and Khyber Tobacco price per share of 372.75 (17.75).
The top three losers were Exide (PAK) with price per share of 765.01 (-13.99), Shezan Inter with price per share of 459 (-10.99) and MithchellsFruit per share of 305.01 (-9.99).
Earlier, the Pakistan Stock Exchange started keeping bullish trend and gained huge 407.29 points to reach 35724.85 points level in early trading.
On Wednesday, the benchmark KSE 100 index shot past the 35,000 key resistances with a high of over 500 points. The index landed at 35,410.23 after a frog leap of 420 points. Highlight of the day included the massive jump in market volumes. Total volumes for Wednesday’s session stood at 27.9 million with 209 scripts in the green and 143 in the red. The technology and communications sector was top traded with Pakistan Telecommunication Company (PTC) in the lead. The sector was a blend of gainers and losers. Pak Datacom (PAKD), Systems Limited (SYS) and TRG Pakistan Limited (TRG) closed positive while Avanceon Limited (AVN), Hum Network Limited (HUMNL) and NetSol Technologies (NETSOL) closed down.
